TJX Cos saw a positive improvement to its Relative Strength (RS) Rating on Monday, with an increase from 66 to 71.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's proprietary RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks compares to the rest of the market.
History reveals that the stocks that go on to make the biggest gains often have an 80 or better RS Rating as they begin their biggest climbs. See if TJX Cos can continue to show renewed price strength and clear that threshold.
TJX Cos is building a flat base with a 135.85 buy point. See if the stock can clear the breakout price in volume at least 40% above average.
Earnings-per-share growth dropped last quarter from 10% to -1%, but sales rose from 0% to 5%.
The company holds the No. 3 rank among its peers in the Retail-Apparel/Shoes/Accessories industry group. Urban Outfitters is the top-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
RELATED:
Which Stocks Are Showing Improved Price Performance?
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
